🚀 LONG on $LSE:TAO – Perfect Confluence Setup
TAO has just completed a textbook ABC corrective wave, retracing precisely to the 0.618 Fibonacci level of the April–May bullish 5-wave structure.
What makes this setup even more compelling:
✅ That 0.618 retracement also converges with the 0.786 Fibo of the larger corrective move that started back in December ‘24.
✅ We’re likely at the start of wave 3 of a higher time frame impulsive structure — the most explosive leg.
🎯 Target: $605 — the 1.618 Fibo extension of the recent ABC correction, which aligns with the 0.236 retracement of the macro move from December.
📉 Stop Loss: $220 — placed below wave 2 for structural invalidation.
📊 Risk/Reward Ratio: ~4.5R — excellent setup.
I love it when the Fibs align. 🔥
Fingers crossed for liftoff!
TAO has just completed a textbook ABC corrective wave, retracing precisely to the 0.618 Fibonacci level of the April–May bullish 5-wave structure.
What makes this setup even more compelling:
✅ That 0.618 retracement also converges with the 0.786 Fibo of the larger corrective move that started back in December ‘24.
✅ We’re likely at the start of wave 3 of a higher time frame impulsive structure — the most explosive leg.
🎯 Target: $605 — the 1.618 Fibo extension of the recent ABC correction, which aligns with the 0.236 retracement of the macro move from December.
📉 Stop Loss: $220 — placed below wave 2 for structural invalidation.
📊 Risk/Reward Ratio: ~4.5R — excellent setup.
I love it when the Fibs align. 🔥
Fingers crossed for liftoff!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.